Today, my attention was grabbed by a non-conventional pair- CHFNZD
. It seems like it has just re-bounced from a major support level
as can be seen from the screenshot. The daily candle is a bearish
rejection- pinbar-like. It seems like a new bullish
wave is about to form. I will be closely monitoring this pair for a retracement towards 1.4135 and a possible long entry. Stop-loss would be placed just under 1.4060. A good level for profit taking is 1.4280. Depending on price action, this pair may rise all the way up to 1.4900 (if market conditions are favourable).